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World

All the latest headlines from all regions of the world outside the NAFTA market.

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Analysts Expect Chinese Steel Exports to Plateau by 2020

05 October 2015 - JPMorgan analysts said they believe Chinese-made steel exports will be leveling off, capped by a wave of protectionist trade measures, reports BloombergBusiness.

Australian Steelmaker Seeking AUD100 Million in Cost Cuts

01 October 2015 - Australia’s Arrium Ltd. is planning to cut jobs and overhaul operating practices at its Whyalla steel works in South Australia to save AUD 100 million as the company moves forward with the sale of its mining consumables business, reports The Sydney Morning Herald.

Russia’s NLMK Upgrades Italian Plate Mill

01 October 2015 - NLMK has completed a round of upgrades to the press at its Verona, Italy, plate mill, the company has announced.

100 Years of Steelmaking Come to an End at Czech Mill

30 September 2015 - The owners of an integrated mill in the Czech Republic have ceased its steelmaking operations, but will continue to roll heavy plates.

Pakistani Rebar Manufacturer Triples Production Capacity With New Mill

29 September 2015 - Primetals Technologies has won an order to design and outfit a bar mill for Pakistan’s Amreli Steels Ltd., the company has announced.

ArcelorMittal to Spend EUR100 Million on Coke Oven Rebuild

28 September 2015 - ArcelorMittal will spend EUR100 million to rebuild two coke oven batteries at a Spanish steel works, ensuring compliance with environmental laws, the company has announced.

Tata Steel Mothballs Galvanizing Line at Welsh Mill

28 September 2015 - Tata Steel is idling one of two hot-dipped galvanizing lines at its coil coatings mill in Shotton, North Wales, according to the Daily Post newspaper.

Special Steel Manufacturer Put Into Administration

28 September 2015 - A U.K. special steel manufacturer has been placed in the hands of a court-appointed administrator while a buyer is sought for the business.

U.K.’s Second-Largest Steelmaker Closing English Steel Works

28 September 2015 - Thailand’s Sahaviriya Steel Industries (SSI) said it will mothball its Redcar steel works in Teesside, England, and lay off approximately 1,700 employees -- most of its workforce.

As SSI Falters, U.K. Steelmakers Ask for Government Support

25 September 2015 - British steelmakers and labor unions have called on government to offer more help to the industry in the wake of the production halt at SSI UK’s Redcar mill.

Report: Gerdau May Acquire Stake in Indian Steelmaker

23 September 2015 - Lenders to India’s Visa Steel have decided to convert a large portion of the company’s debt into equity using the Reserve Bank of India’s strategic debt restructuring scheme, according to The Financial Express newspaper.

German Company Sues Baker Hughes Over Steel Valves Installed in Gas Field

23 September 2015 - A German company is suing oilfield services provider Baker Hughes Inc., alleging that it used the wrong type of steel in safety valves intended for a large gas storage facility. As a result, the company’s $2.5 billion investment could be rendered worthless, BloombergBusiness reported.

Indian Steel Ministry Asks Producers to Consider Iranian Investments

22 September 2015 - India’s steel ministry has asked domestic producers to consider making capital investments in Iran, which is extending its rail network and expanding ports and highways, according to The Indian Express newspaper.

Four Appointed to LME's Steel Committee

22 September 2015 - The London Metal Exchange (LME) has added four members to its steel committee as it prepares to launch new contracts for steel scrap rebar in November, the exchange has announced.

Global Steel Production Down in August

22 September 2015 - Worldwide crude steel production fell 3 percent in August, dropping to 132.2 million metric tons, according to the World Steel Association.

SSI Suspends Production at U.K. Mill, Undertakes Debt Restructuring

21 September 2015 - Thailand's Sahaviriya Steel Industries (SSI) and three main creditors said they will attempt to restructure THB50 billion (US$1.4 billion) in debt to repair the steelmaker’s balance sheet, Reuters reported.

Report: EU To Set Minimum Price On GOES Imports

21 September 2015 - The European Union is preparing to set a minimum price on imports of a specialized steel from five countries, including the United States, according to Reuters.

Patented Stainless Grade Chosen for Tank Project

21 September 2015 - Finland’s Outokumpu has fulfilled an order for 245 metric tons of its Forta LDX 2101 lean duplex stainless steel, one of its largest orders for the product to date, the company has announced.

Malaysia Launches Investigation Into Imported Hot Rolled Coils

17 September 2015 - Malaysia has opened a safeguard investigation into imported hot rolled coils, the country’s Ministry of International Trade and Industry has announced.

Steelmaker Issues Acceptance Certificate on Continuous Caster Improvements

16 September 2015 - German steelmaker Elbe-Stahlwerke Feralpi GmbH has issued the final acceptance certificate for improvements to a 21-year-old continuous billet caster, according to the contractor on the project.

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